Anglo American to offload stake in Australian coal mine
Diversified miner Anglo American has agreed to sell its 83.33% interest in the in the Dartbrook coal mine in the Hunter Valley, New South Wales, Australia. Under terms of the agreement, Australian Pacific Coal (APC) as guarantor and a subsidiary of AQC as purchaser, would pay up to A$50-million ($36-million), comprising an upfront cash payment […]
Continue ReadingCrisis excellent opportunity to rescue mining – Motlanthe
JOHANNESBURG (miningweekly.com) – The current crisis in South Africa’s mining industry should be grasped as an excellent opportunity to introduce material change through an effective joint organising body that gets things done within specified timelines. “We’re in a rut and need to pull ourselves out of it together,” says former President of South Africa and […]
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South Africa preparing for ‘worst-case’ maize import scenario – Transnet
South Africa is laying the groundwork in case it needs to import as much as 4-million tons of maize after successive seasons of drought threaten the crop in Africa’s top producer of the grain, which is usually a net exporter. State-run ports and rail company Transet CEO Siyabonga Gama told Reuters in an interview on […]
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Drought, low prices hit Illovo Sugar H1 profits
South Africa’s Illovo Sugar said on Monday a scorching drought in crucial sugar-producing regions and low prices cut its half-year profit by nearly 60%. Headline earnings per share – the main gauge of profit in South Africa that strips out certain one-off items – for the six months to end-September fell to 71.7 cents from […]
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